Asked by Jared Bernardi on Apr 23, 2024

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Verified

Which of the following is not among the rights of partners in the Uniform Partnership Act?

A) To participate in the management of the business operation unless the partnership agreement specifies otherwise
B) To inspect partnership books and records
C) To unilaterally dissolve the partnership
D) To hold an ownership interest in the firm and to receive a share of the profits

Uniform Partnership Act

A standardized legal framework adopted by many states to govern the operation and regulation of partnerships.

Rights Of Partners

The entitlements or privileges granted to members of a partnership, including profit sharing, participation in decision-making, and access to business records.

Dissolve Partnership

The process of formally ending the legal relationship between business partners and settling the partnership's affairs.

  • Comprehend the legal responsibilities and liabilities partners hold within a partnership.
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Verified Answer

KA
Kaity Ashby5 days ago
Final Answer :
C
Explanation :
The Uniform Partnership Act generally allows partners to participate in management, inspect books and records, and share in ownership and profits. However, it does not grant a partner the unilateral right to dissolve the partnership without following specific procedures or conditions set forth in the partnership agreement or the Act itself. Dissolution typically requires agreement among partners or is triggered by specific events, rather than being a unilateral decision.